Seller Financing Available

Asking Price:

$199,000

Gross Income:

$917,000

Cash Flow:

N/A

FF&E:

$150,000.00 *

Inventory:

$5,000.00 **

Real Estate:

N/A

Year Established:

1972

Employees:

10

Business Types:

Auto Repair, Parts & Services
Miscellaneous Repair Services

** not included in the asking price

* included in the asking price

Business Description

This Maaco Franchised Business is completely set-up and ready for you to operate it. The current owner purchased the business in September 2010 and although profitability has increased, he has come to the realization being a business owner is not for him.

Purchasers of Maaco Franchised Businesses are eligible for expedited SBA Loan Processing through the SBA's Franchise Registry Program. Franchises which are registered with this program do not require their Franchise Agreement to be reviewed and approved by the SBA. Registration means the SBA has previously vetted the terms and conditions of the Franchise Agreement and did not discover any potentially adverse controls over the franchisee.

Maaco has an arrangement with Siegel Capital of Lonshohocken, PA whereby they will assist prospective Maaco Franchisees to arrange financing for the purchase of a Maaco Franchised Business.

This Maaco is priced to sell! Compared to the cost of a "new", as yet to be opened Maaco Franchised Business Opportunity, this fully operational Maaco Superior Service Provider offers a new owner almost $1,000,000 in historical annual revenues.

Detailed Information

Facilities:

The business has been at this location for 30+ Yrs. It occupies a 7,000 S.F. building which also boasts a very customer convenient Enterprise Rent-a-Car location. There is a 15 year lease with a 5 Yr. option period which runs conterminously with the MAACO Franchise Agreement

Competition:

MAACO is the preeminent collision repair and auto painting brand in North America. They boast almost 500 units. The also have the highest average grossing automotive aftermarket franchise sales. YOU DO NOT NEED ANY KNOWLEDGE OF THE INDUSTRY TO OWN AND MANAGE A MAACO FRANCHISE SUCCESSFULLY. Their business systems work. This particular MAACO was purchased by the seller, who has discovered being in business is not for him. He is ill suited to manage a business which could be your gain.

Growth/Expansion:

This MAACO location needs passion and energy. Its demographics are outstanding. It's location is well established; and, it is generating almost $1,000,000 in annual revenues - it needs you to make it profitable.

Financing:

Owner financing will be considered on a case by case basis

Support/Training:

The buyer is required to attend MAACO's Franchisee Training Program in PA. Further, the seller will provide additional "hands on" training following the closing.

Reason Selling:

This new owner is returning to previous employment

Broker Information

Robert Lucido

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